1 week ago

Netweb Technologies Shares In Focus After QIP Allotments

Netweb Technologies makes computer servers and other computing products.

Its shares are attracting attention because the company disclosed who received shares in a new institutional fundraising.

This type of fundraising is called a qualified institutional placement, or QIP.

Several large investment funds received portions of the shares offered.

Nomura India Investment Fund received the largest disclosed portion at 13.10%.

ICICI Prudential AMC schemes together received 16.67%.

The company also reported that its shares have risen strongly over one year and five years.

Investors are watching the stock because of both the new allotments and its recent performance.

Key facts

Business: Computer servers, workstations, storage, cloud, high-performance computing, artificial intelligence, and big-data solutions.
QIP allotment: Institutional investors were allotted shares through a qualified institutional placement.
ICICI Prudential AMC schemes: Received a combined 16.67% of the issue.
Largest disclosed allotment: Nomura India Investment Fund received 3,28,064 shares, or 13.10% of the issue.
Goldman Sachs allocation: Goldman Sachs India Equity Portfolio received 2,80,740 shares, or 11.21% of the issue.
One-year performance: Netweb shares rose 162% over the past one year.
2026 performance: The stock was up 76% so far in 2026, according to the article.

businesstoday.in · 1 week ago